Sterling, Virginia-based JK Moving Services recently increased its annual guaranteed income for experienced over-the-road Class-A drivers to a minimum of $100,000, the company said Tuesday.
The company said the move will allow it to keep up with a labor market that has been affected by the boom in online shopping and pandemic restrictions.
JK Moving Services has about 262 drivers, according to the Federal Motor Carrier Safety Administration's SAFER website.
The Virginia-based carrier is the latest company to increase driver pay. The booming freight market has created an increased demand for truck drivers, leading many companies to increase driver pay to attract new drivers and hold onto the ones they already have. The New York Post yesterday wrote about how the lack of drivers was forcing some members of the food industry to increase both driver pay and the prices of the goods they sell.
JK is not alone in boosting driver pay. Here's a recap of many of the companies that have raised driver pay.
Forward Air creates destination-based pay increase
Continental Express gives all drivers second pay increase in a year
Averitt Express celebrates anniversary with another driver pay increase
Wisconsin-based Millis Transfer increases pay for its drivers
Oklahoma-based Melton Truck Lines increases driver pay
Carrier celebrates milestone anniversary by hiking driver pay
Florida tanker fleet increases driver pay by 15%
Maverick Transportation announces second company-wide pay increase
USA Truck rolls out 'simplified' pay package for drivers
Barr-Nunn expands Shift Load Pay program to more states
C.R. England announces 'largest driver pay raise in company history'
Roehl increases driver pay for second time this year
GP Transco latest carrier to increase driver pay
Tyson OTR drivers receive largest pay increase ever
CRST boosts OTR team driver pay by over 30%
Tennessee-based Milan raises driver pay
Barr-Nunn offers innovative Shift Load Pay option for drivers in some locations
XPO plans to hire 750 new drivers for its LTL operations
AFC Transport gives biggest ever pay increase; upgrades tractors and trailers
Maryland carrier announces driver pay increase
TransAm Trucking announces driver pay increase
Crete Carrier and Shaffer Trucking raise driver pay
Forward Air delivers largest driver pay raise in its history
Transco Lines gives drivers biggest pay hike in company's 37 year history
ITS Logistics proves dedication of its own, boosts pay for drivers
Missouri carrier expands dedicated division serving Amazon
St. Louis truckload carrier hikes driver pay
TMC hikes pay for drivers in 10 Northeastern states
Old Dominion plans to hire 800 drivers in next 3 months
Averitt Express' hikes pay for newly-hired regional truckload and flatbed drivers
Yellow plans to hire 1,500 drivers, opening driving schools
Mississippi carrier rolls out new pay plan for its drivers
Alabama flatbed company increases driver pay
Artur Express Inc. offers new pay, leasing programs
Major tanker carrier increases driver pay
Melton doubles pay to drivers for tarping loads
Ohio reefer company hikes driver salaries 17%
Trimac celebrates anniversary with driver pay raise
Major reefer carrier raises driver pay in January
